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Balanced fiscal year 2021 budget passes

 

Data courtesy of the Petersburg Borough

The charts above show the difference in revenues and expenditures for the fiscal year 2020 adopted budget and the fiscal year 2021 proposed budget within the general fund.

The borough assembly passed an ordinance adopting the borough's fiscal year 2021 operating budget in its first reading on Monday. Expenditures for the general fund in the proposed budget total $9,838,846, but it's balanced out equally by $9,838,846 in revenues. The current 2020 fiscal year budget has a total of $9,533,511 in revenues and $9,467,855 in expenditures.

There were several challenges facing department heads in creating the upcoming fiscal year's budget. Gov. Mike Dunleavy vetoed 100 percent of the school bond debt reimbursement for fiscal year 2021, resulting in a loss of $470,0...



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